UK Politics

The author of the article admits that "doing something about it requires deep-rooted changes" and, like him, I suspect a lone wealth tax won't be enough.

So why is he picking on the Greens about it when a wealth tax is just one part of their much broader economic agenda to tackle inequality? This is either lazy journalism or partisan.

That said, it wouldn't hurt the Greens to publicise their whole package more.

Corbyn tried more far reaching changes, but the Guardian didn't seem to like that either.

If the Greens are serious about redistributing unearned wealth, they should widen their focus from Mr and Mrs Megabucks to well-to-do families across the country who, just by dint of being sufficiently old and/or lucky are sitting in houses that have rocketed in value since the late 90s.

While I do think more needs to be done about the ridiculous state of asset inflation, and the class of people who support it, this really undersells just how ludicrously wealthy the rich have become. From Equal Trust:

Billionaire wealth has grown explosively since 1990, with an over 1000% increase in just 31 years. This has occurred alongside an increasing inequality in the UK’s overall wealth distribution. By 2023, the top 50 richest families in the UK held more wealth than the poorest half of the population, comprising over 34 million people; in 2025, the £468bn held by the richest 50 continues to exceed the £466bn held by the poorest half of the population.

The people don't want a wealth tax specifically. They want to have the mega-rich taxed appropriately, including corporations. They want those making money out of them to have to pay for the privilege.

Yes, we're doing totally fine, we don't need the wealthy to pay their taxes. /s

Can't read the opinion because paywall, but the idea that a wealth tax would accomplish very little is a very stupid idea. Tie it to increases in government safety net services and a reduction of income and regressive taxes and see what happens.